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88 Ford Motor Company | 2013 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 6. FINANCIAL SERVICES SECTOR FINANCE RECEIVABLES (Continued)
Contractual maturities of total finance receivables outstanding at December 31, 2013 reflect contractual repayments
due from customers or borrowers as follows (in millions):
Due in Year Ending December 31,
2014 2015 2016 Thereafter Total
North America
Consumer
Retail financing, gross $ 11,808 $10,134 $8,487 $10,473 $ 40,902
Non-Consumer
Dealer financing 20,375 581 152 964 22,072
Other 729 2 1 — 732
Total North America $ 32,912 $10,717 $8,640 $11,437 $ 63,706
International
Consumer
Retail financing, gross $ 3,842 $3,363 $2,207 $1,385 $ 10,797
Non-Consumer
Dealer financing 6,962 809 44 18 7,833
Other 339 ———339
Total International $ 11,143 $4,172 $2,251 $1,403 $ 18,969
Our finance receivables are pre-payable without penalty, so prepayments may cause actual maturities to differ from
contractual maturities. The above table, therefore, is not to be regarded as a forecast of future cash collections. For
wholesale receivables, which are included in dealer financing, maturities stated above are estimated based on historical
trends, as maturities on outstanding amounts are scheduled upon the sale of the underlying vehicle by the dealer.
Investment in direct financing leases, which are included in consumer receivables, were as follows (in millions):
December 31, 2013 December 31, 2012
North
America International
Total Direct
Financing
Leases
North
America International
Total Direct
Financing
Leases
Total minimum lease rentals to be received $ 216 $ 1,468 $1,684 $ 58 $ 1,466 $ 1,524
Initial direct costs 4 15 19 1 16 17
Estimated residual values — 143 143 —851 851
Less: Unearned income (22) (116)(138) (7) (152) (159)
Less: Unearned interest supplements — (40)(40) — (82)(82)
Recorded investment in direct financing
leases 198 1,470 1,668 52 2,099 2,151
Less: Allowance for credit losses (2) (5) (7) (1) (8) (9)
Net investment in direct financing leases $ 196 $ 1,465 $1,661 $ 51 $ 2,091 $ 2,142
Future minimum rental payments due from direct financing leases at December 31, 2013 were as follows (in millions):
2014 2015 2016 2017 Thereafter
North America $ 73 $ 52 $ 50 $ 28 $ 13
International 568 459 272 139 30
Aging
For all finance receivables, we define “past due” as any payment, including principal and interest, that is at least 31
days past the contractual due date. The recorded investment of consumer receivables greater than 90 days past due and
still accruing interest was $14 million and $13 million at December 31, 2013 and 2012, respectively. The recorded
investment of non-consumer receivables greater than 90 days past due and still accruing interest was $21 million and
$5 million at December 31, 2013 and 2012, respectively.